Bank of New York Mellon Corp Sells 167,571 Shares of EnLink Midstream Partners, LP (ENLK)

Bank of New York Mellon Corp reduced its stake in EnLink Midstream Partners, LP (NYSE:ENLK) by 48.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,129 shares of the oil and gas producer’s stock after selling 167,571 shares during the period. Bank of New York Mellon Corp owned 0.05% of EnLink Midstream Partners, worth $2,971,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hodges Capital Management Inc. lifted its holdings in EnLink Midstream Partners, by 1.4% during the second quarter. Hodges Capital Management Inc. now owns 29,650 shares of the oil and gas producer’s stock worth $503,000 after acquiring an additional 400 shares in the last quarter. Stephens Inc. AR lifted its holdings in EnLink Midstream Partners, by 5.5% during the first quarter. Stephens Inc. AR now owns 13,363 shares of the oil and gas producer’s stock worth $245,000 after acquiring an additional 696 shares in the last quarter. Solaris Asset Management LLC lifted its holdings in EnLink Midstream Partners, by 22.9% during the second quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock worth $138,000 after acquiring an additional 1,515 shares in the last quarter. Conning Inc. lifted its holdings in EnLink Midstream Partners, by 1.4% during the second quarter. Conning Inc. now owns 141,359 shares of the oil and gas producer’s stock worth $2,397,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in EnLink Midstream Partners, by 6.9% during the second quarter. Parkside Financial Bank & Trust now owns 70,080 shares of the oil and gas producer’s stock worth $1,188,000 after acquiring an additional 4,535 shares in the last quarter. Institutional investors and hedge funds own 40.57% of the company’s stock.

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Shares of EnLink Midstream Partners, LP (NYSE ENLK) opened at 16.63 on Wednesday. EnLink Midstream Partners, LP has a 1-year low of $14.43 and a 1-year high of $19.59. The firm has a 50 day moving average price of $16.16 and a 200 day moving average price of $16.81. The firm’s market cap is $5.78 billion.

ENLK has been the topic of several recent analyst reports. BidaskClub upgraded EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $16.00 target price (down from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd. ValuEngine lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley lowered EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and reduced their target price for the stock from $20.00 to $19.00 in a report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.14.

EnLink Midstream Partners, Profile

EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate.

Institutional Ownership by Quarter for EnLink Midstream Partners, (NYSE:ENLK)

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